Acadia Realty Trust (NYSE:AKR) Stock Rating Lowered by Wall Street Zen

Acadia Realty Trust (NYSE:AKR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the stock. Truist Financial lifted their price objective on shares of Acadia Realty Trust from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised shares of Acadia Realty Trust to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings upgraded shares of Acadia Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Acadia Realty Trust in a report on Monday, June 15th. Finally, LADENBURG THALM/SH SH upgraded shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Acadia Realty Trust Stock Performance

Shares of NYSE AKR opened at $22.43 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $3.08 billion, a P/E ratio of 65.99 and a beta of 1.10. Acadia Realty Trust has a 12 month low of $18.14 and a 12 month high of $23.03. The stock has a 50 day moving average of $21.82 and a 200-day moving average of $21.04.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Acadia Realty Trust had a return on equity of 1.85% and a net margin of 12.14%.The business had revenue of $95.42 million for the quarter, compared to analyst estimates of $92.36 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities research analysts predict that Acadia Realty Trust will post 1.25 EPS for the current year.

Insider Buying and Selling

In other Acadia Realty Trust news, EVP Reginald Livingston sold 25,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.12, for a total transaction of $553,000.00. Following the transaction, the executive vice president owned 9,426 shares in the company, valued at $208,503.12. This trade represents a 72.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Acadia Realty Trust

Institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in shares of Acadia Realty Trust by 9.3% in the second quarter. State Street Corp now owns 7,450,026 shares of the real estate investment trust’s stock valued at $139,802,000 after acquiring an additional 632,722 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Acadia Realty Trust by 74.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,572,852 shares of the real estate investment trust’s stock worth $114,466,000 after purchasing an additional 2,370,553 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in Acadia Realty Trust by 23.6% in the 4th quarter. Engineers Gate Manager LP now owns 3,755,928 shares of the real estate investment trust’s stock valued at $77,147,000 after purchasing an additional 717,826 shares during the period. Geode Capital Management LLC boosted its holdings in Acadia Realty Trust by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,392,747 shares of the real estate investment trust’s stock valued at $69,698,000 after purchasing an additional 10,648 shares during the period. Finally, Alyeska Investment Group L.P. grew its position in shares of Acadia Realty Trust by 15.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,351,880 shares of the real estate investment trust’s stock worth $68,848,000 after purchasing an additional 442,209 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Acadia Realty Trust Company Profile

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.